Nvidia and other AI stocks climbed Wednesday, extending Tuesday's gains as Saudi partnerships stoked excitement for future deals.

Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.

The United States does not hold a monopoly on technological breakthroughs. As it sought to contain China’s advances in artificial intelligence, President Joe Biden’s administration tried to use restrictions on cutting-edge chips from Nvidia as a cudgel,

“AI chips should not be bargaining chips for broader trade deals,” says Janet Egan, a senior fellow at the Center for a New American Security (CNAS). “They underpin US AI dominance, and we have to be really careful to not make short term decisions that might be beneficial for trade in the near term, but cede AI leadership in the longer term.”

Nvidia shares rose for a third straight day Wednesday, with sentiment in the artificial-intelligence sector bosted by tech deals that followed President Trump's visit to the Middle East. BofA Secur

Nvidia (NASDAQ:NVDA) jumps on Saudi AI blitz as Wedbush dubs it a bullish eye-opener. Wedbush sees this wave of deals as a huge opportunity that could eventually tack an incremental $1 trillion onto the global AI market,

While the goal was to prevent countries already subject to chip restrictions, such as Russia and China, from accessing or building AI tech, it also placed Nvidia’s estimated 90